Report Code: A13804 | Pages: NA | Mar 2023 | 1425 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Generator Sets Market
Request Now !A generator is a gas or fuel powered device that works on the principle of rotational motion for producing temporary electricity. The mechanical energy is generally supplied by steam turbines, gas turbines, and internal combustion of fuel. They are widely used in industries, agricultural purpose, defense, science and technology and in daily life purpose. There are many variants of generator mainly divided into AC & DC generator. A generator is an alternating source of electricity that can adjust its outputs according to the load. Also, they are mainly used in the areas which are not developed where there is no arrangement of regular power supply. The global generator sets market is expected to grow because of ongoing rapid industrialization and development of residential and commercial sector. Growing digitalization results in more demand for electricity by the industries to perform their work.
COVID-19 Impact analysis
Top Impacting Factors
With the increase in technology, urbanization and use of automatic devices, demand has been increasing for generator sets. And to make devices work/run, electricity in needed. Therefore, from end-user industries, there has been an increase in demand for power generating systems. The use of bio-fuel generator that runs on gas and diesel, both is expected to grow. Diesel fuel generators are commonly used in houses and commercially. This affects the environment by increasing amount of carbon gases into the environment. Thus there has been increase in adoption of clean sources of energy from various countries. This will be a challenge for the generator market in future.
Market Trends
Key Benefits of the Report
Generator Sets Market Report Highlights
Aspects | Details |
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By Power Rating |
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By Application |
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By End User |
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By Fuel |
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By Region |
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Key Market Players | Caterpillar, Cummins, Rolls-Royce Holdings, Atlas Copco, Mitsubishi Heavy Industries, Ltd, Yanmar, Generac, ABB, Siemens Energy, Briggs & Stratton, Wärtsilä, Weichai Group, Kohler Co., Aksa Energy, Wacker Neuson, Greaves Cotton Limited, Multiquip Inc, Kirloskar Oil Engines Ltd., Denyo. |
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